Last checked at 5 May 2016 11:00
5 May 2016
CAPITAL & REGIONAL PLC ("Capital & Regional" or "the Company")
DIRECTOR SHAREHOLDING
On 5 May 2016 the Company received notification that Mstead Ltd, an entity in which Louis Norval has a beneficial interest, acquired 2,857,792 shares in the Company. The shares were acquired between 28 April 2016 and 4 May 2016 at an average price of 63.82 pence per share.
Following the transactions Mstead Ltd has a total shareholding of 69,978,847 shares representing 9.986% of the Company's issued share capital. The revised beneficial interest of Louis Norval is 131,960,303 ordinary shares, representing 18.831% of the Company's issued share capital. The total shareholding of all parties connected to Louis Norval, including those in which he has a beneficial interest and those which he does not but has a connection to, is 170,454,075 shares, representing 24.324% of the Company's issued share capital. Wessel Hamman, a Non-Executive Director of the Company is a Non-Executive Director of Homestead Group Holdings Ltd, the parent company of Mstead Ltd, but he has no beneficial interest in the shares held by Mstead Ltd.
ENDS
For further information:
Capital & Regional: | Tel: 020 7932 8000 |
Hugh Scott-Barrett, Chief Executive | |
Charles Staveley, Group Finance Director |
Notes to editors:
About Capital & Regional plc
Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering value enhancing retail and leisure asset management opportunities across a c. £1 billion portfolio of in-town dominant community shopping centres. Capital & Regional is listed on the main market of the London Stock Exchange and has a secondary listing on the Johannesburg Stock Exchange.
Capital & Regional owns seven shopping centres in Blackburn, Camberley, Hemel Hempstead, Luton, Maidstone, Walthamstow and Wood Green. It also has a 20% joint venture interest in the Kingfisher Centre in Redditch and a 50% joint venture in the Buttermarket Centre, Ipswich. Capital & Regional manages these assets, which comprise over 950 retail units and attract over 1.7 million shopping visits each week, through its in-house expert property and asset management platform.
For further information see www.capreg.com.